Ultrasound transducers market to reach USD 5.5B by 2030
The ultrasound transducers market is projected to reach $5.5 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. The rising prevalence of cardiovascular and abdominal disorders, technological developments in ultrasound, growing incidences of orthopedic injuries and musculoskeletal disorders, the rising geriatric population, and the increasing number of hospitals are the factors contributing to the growth of this market. Additionally, the emergence of POC ultrasound devices and emerging economies are expected to offer significant growth opportunities for the players operating in the ultrasound transducers market.
Covid-19 pandemic impact on the ultrasound transducers market:
During the Covid-19 pandemic, imaging procedures were essential for patient care. Lung ultrasound (LUS) emerged as a crucial tool for assessing Covid-19 patients. LUS was used at the bedside as point-of-care ultrasound (PoCUS), facilitating emergency department examinations while prioritizing contamination prevention. Portable consoles and wireless ultrasound probes were sterilized and reused with strict hygiene protocols.
Lung ultrasound utility during Covid-19 depended on various factors, including clinical presentation, practice environment, resource access, expertise, and current epidemiological trends. Research and development in computer vision software, artificial intelligence, telemedicine, and other methods optimized lung ultrasound during and beyond the pandemic. Post-pandemic, demand for ultrasound procedures returned to pre-pandemic levels.
Product analysis:
In 2023, the convex segment is expected to account for the largest share of the ultrasound transducers market. Convex transducers offer high efficiency in focusing on deeper organs, providing a wider footprint and clearer imaging. These advantages are anticipated to drive the demand for convex scanning transducers.
Application analysis:
The diagnostics segment is projected to account for the largest share of the ultrasound transducers market in 2023, driven by high demand for non-invasive diagnostic modalities for cardiovascular, orthopedic, and musculoskeletal disorders.
End user analysis:
Hospitals & clinics are expected to hold the largest share of the ultrasound transducers market in 2023, owing to the high adoption of ultrasound systems as primary imaging options. Portable ultrasound systems and increased awareness of innovative devices are also driving demand.
Geographic review:
North America is projected to account for the largest share of the ultrasound transducers market in 2023, followed by Europe and Asia-Pacific. High demand for minimally invasive surgery, high incidence of chronic disorders, and technological advancements in ultrasound technology are key factors for this regional dominance. Meticulous Research
